RS Technologies Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 8%, July-September Ordinary Profit Decreases by 26%

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Mon Nov 11, 2024 4:00 pm JST Earnings

3445 RS Technologies Co.,Ltd. 【J-GAAP】

Earnings Report

RS Technologies Co.,Ltd. <3445> [TSE-P] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 7.8% from the same period last year to 11 billion yen. The progress rate against the 15.4 billion yen full-year plan was 71.9%, also falling below the five-year average of 77.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 48.9% from the same period last year, reaching 4.32 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 3.17 billion yen, a 25.7% decrease compared to the same period last year. However, the operating profit margin rose from 23.8% in the same period last year to 24.8%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	37,633	9,778	12,269	5,789	223.9	79.2	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	39,470	9,576	12,017	5,965	226.8	80.5	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	44,554	9,669	11,075	5,593	212.2	71.9	Nov 11, 2024	J-GAAP
YoY	+12.9%	+1.0%	-7.8%	-6.2%	-6.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	25,767	5,499	7,180	3,981	151.3	30	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	24,832	7,918	7,504	3,767	142.8	35	Aug 9, 2024	J-GAAP
YoY	-3.6%	+44.0%	+4.5%	-5.4%	-5.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	49,864	13,018	15,500	7,739	299.3	17.50	Feb 13, 2023	J-GAAP
Dec, 2023	51,893	11,894	14,921	7,703	292.8	30	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	54,900	14,000	15,400	7,600	288.0	35	May 13, 2024	J-GAAP
YoY	+5.8%	+17.7%	+3.2%	-1.3%	-1.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,344	3,181	4,276	2,243	85.3	23.8	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	12,423	2,318	2,904	1,738	66.1	18.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	15,358	2,632	3,589	1,781	67.6	17.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	14,710	3,450	4,307	2,052	77.9	23.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	14,486	3,587	3,179	1,760	66.8	24.8	Nov 11, 2024	J-GAAP
YoY	+8.6%	+12.8%	-25.7%	-21.5%	-21.7%